Your answer is partially correct. Try again. On January 1, 2017, Wildhorse Limited had 1,268,000 of ordinary shares outstanding that were issued at par. It also had retained earnings of 750,500. The company issued 38,700 ordinary shares at par on July 1 and earned net income of 408,900 for the year. Journalize the declaration of a 16% share dividend on December 10, 2017, for the following independent assumptions. (Round final answers to the nearest whole dollar, e.g. 5,275. Credit account titles are automatically indented when amount is entered. not indent manually.) (a) Par value is 8, and market price is 18. (b) Par value is 5, and market price is 21. No. Account Titles and Explanation Debit Credit (a) Share Dividends 4117536 X Ordinary Share Dividen 1830016 Share Premium-Ordinai 2287520 X (b) Share Dividends 7120428 X Ordinary Share Dividen 1695340 Share Premium-Ordinai 5425088